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The Latest Breaking News from Eliza Owen

Australian property prices soar to record levels despite higher interest rates

New figures show significant growth in Brisbane, Adelaide and Perth with many suburbs seeing increases of more than 15% and Sydney up by 7.5%

The Guardian - AU

Where Canberrans could be most at risk of distressed sales

Data shows distressed sales could already be occurring in some regions.

The Canberra Times

Latest home price data shows positive signs for spring sellers

Canberra's modest growth lagged behind most other capitals.

The Canberra Times

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Compromise key to affording a home

"The challenge was to find something when it came to budget and area."

The Canberra Times

Rent Increases Are Forecast To Decrease Soon So Here’s Why And Everything We Know So Far

Finally some good news.

Pedestrian.tv

Rental rises tipped to slow as housing market cools off

Vacancy rates have already started to ease and price growth has begun to slow with analysts tipping further tempering in the market for rental homes.

AAP

ACT home values rise again, putting sellers back in 'driver's seat'

'Sluggish' selling conditions are starting to turn around.

The Canberra Times

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More Australian homeowners offloading properties at loss as interest rate rises take toll, new data shows

Unit owners particularly vulnerable as profitable national housing sales sank to 92.3% in the three months to March 2023, according to CoreLogic data

The Guardian - AU

Top FOMO suburbs: where no one is selling and demand is high

See our list of all 99 suburbs in Newcastle and Lake Macquarie

Newcastle Herald

Renters asked to ‘pre-apply’ before inspecting properties in Australian cities

Applicants asked for proof of identity, rental and financial history, and references, as listings are snapped up before first showing

The Guardian - AU

‘I’m obviously not first choice’: rental crisis forcing older Australians back into share houses

As the vacancy rate drops to 1.2%, the Reserve Bank chief advises renters to consider sharing – but that is a very difficult option for many people

The Guardian - AU

Family living in one room as new report shows 'extreme' rental stress gripping New South Wales

A new report from ANZ and CoreLogic shows since the pandemic rental prices have increased dramatically, and low-income earners would need to spend more than half their pay to secure a rental property.

ABC News

Rents to income levels reach near decade highs

Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.

The New Daily

Economists say rental price caps are a 'viable' short-term solution to the housing crisis, but some fear it could backfire

Despite increased rental assistance measures in Tuesday's budget, calls to cap rents are growing louder, with economists saying that step has been successful overseas, however, analysts warn it may make the housing crisis worse.

ABC News

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ABC News

Sydney oceanfront property sells for close to $45 million amid cost-of-living crunch

The bungalow was owned by late radio star Harry Griffiths and has been held by the family for more than six decades.

ABC News

It's touted as one solution to Australia's housing crisis, but what is build-to-rent? And can it live up to the hype?

Is it possible to have affordable housing and good rental conditions in Australia? It has to be something embedded by design, housing researchers say.

Newcastle Herald

The most expensive and cheapest suburbs to rent in Newcastle

Eleebana has the highest median rent in Newcastle and Lake Macquarie.

The Guardian - AU

Australian banks predict another interest rate rise despite hopeful investor outlook

Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak

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Newcastle Herald

Top 20: Newcastle and Lake Macquarie suburbs whose prices have skyrocketed since the pandemic

Dwelling values across Newcastle and Lake Macquarie recorded growth of 29.6 per cent since March 2020.

AAP

Rentals under $400 disappearing as prices surge

Affordable rentals are becoming increasingly hard to find as strong demand for rental accommodation continues to outstrip supply.

Newcastle Herald

Newcastle house prices up but it might be short-lived

The median house value is $818,893.

The New Daily

Falls in home prices are slowing, but have not hit rock bottom

Tight housing stock has muted home value falls, but experts warn this isn't the end of the road for declines this year.

Newcastle Herald

'The market is forever changing': Property prices adjusted in Newcastle's top end to meet the market

The house was previously on the market for 127 days.

ABC News

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data

In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months. But not all regions have fallen. Here's how they performed.

AAP

Albanese calls out Greens 'fantasy' housing idea

A multi-billion dollar plan for social and affordable housing could be derailed if the federal government is unwilling to work with the Greens on changes.

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